The head of the US Treasury called inflation in the country unacceptably high

Inflation in the United States is unacceptably high, it must be reduced, taking into account the preservation of a strong economy, said US Treasury Secretary Janet Yellen.

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“Obviously, inflation is unacceptably high. President Biden’s top priority is to bring it down,” she said.

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The Minister recalled the words of the chairman of the Federal Reserve, who noted that the goal at the moment is not just to reduce inflation, but also to maintain a strong economy.

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Yellen stressed that the US economy will slow down, but a recession does not look inevitable.
Earlier, the head of JP Morgan, Jamie Dimon, warned of a coming economic “hurricane” in the United States.